CMS Energy price target raised to $80 from $73 at BMO Capital

BMO Capital raised the firm’s price target on CMS Energy (CMS) to $80 from $73 and keeps an Outperform rating on the shares. The Michigan Public Service Commission’s final order in consumer’s electric rate case that approves a revenue increase of $176M is constructive and further evidence of the state’s collaborative regulatory framework, the analyst tells investors in a research note.